Fraud is a serious threat to organizations, with costs estimated as high as 6% of revenues for some organizations. Fraud can originate internally from trusted employees, from outsiders or from some combination. While eliminating fraud entirely is virtually impossible, detecting, investigating and responding to it quickly and effectively can lessen the impact. The key to detecting fraud is locating suspicious transactions and transactions that do not comply with policies for segregation of duties. With SenSage, organizations are alerted in near real time to these types of transactions and are also able to easily query years of transaction data to identify, detect, and prevent fraud.
The SenSage Transaction Fraud Prevention Solution has helped dozens of organizations reduce costs and improve their bottom line:
- Reduce costs with advanced correlation - Enables organizations to detect when logically impossible scenarios are occurring and the associated transactions should be stopped. For example: a bank or credit card used in Boston should not be used again within hours in on offshore country.
- Increase security with complete data source collection - Accurate and timely data collection on the myriad of available products is required to ensure transactional integrity of every online business. If a transaction starts in the app server instead of the web server then people with physical access to the app server may have discovered a means of working around the system.
- Grow the bottom line with confidence - Investigations are precise and accurate with true data warehousing capabilities and an immutable data store.